Wells Fargo & Company Increases BOK Financial (NASDAQ:BOKF) Price Target to $95.00

BOK Financial (NASDAQ:BOKF) had its price target lifted by equities researchers at Wells Fargo & Company from $80.00 to $95.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target points to a potential upside of 8.03% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Stephens lifted their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Truist Financial lifted their price target on shares of BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a report on Monday, April 1st. Citigroup lifted their price target on shares of BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Royal Bank of Canada boosted their target price on shares of BOK Financial from $93.00 to $94.00 and gave the stock a “sector perform” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.22.

BOK Financial Stock Down 0.2 %

NASDAQ:BOKF opened at $87.94 on Wednesday. The firm has a market cap of $5.68 billion, a P/E ratio of 10.99 and a beta of 1.21. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $92.75. The firm has a 50-day simple moving average of $86.24 and a two-hundred day simple moving average of $80.75.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The firm had revenue of $843.21 million for the quarter, compared to the consensus estimate of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same quarter in the prior year, the business posted $2.51 earnings per share. Analysts predict that BOK Financial will post 7.43 earnings per share for the current fiscal year.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the sale, the director now owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 59.72% of the stock is owned by insiders.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC raised its stake in shares of BOK Financial by 11,085.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 357,933 shares of the bank’s stock valued at $37,150,000 after acquiring an additional 354,733 shares during the period. State Street Corp raised its stake in shares of BOK Financial by 37.0% in the first quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock valued at $115,711,000 after acquiring an additional 332,904 shares during the period. Norges Bank purchased a new stake in shares of BOK Financial in the fourth quarter valued at $27,170,000. Millennium Management LLC raised its stake in shares of BOK Financial by 75.3% in the fourth quarter. Millennium Management LLC now owns 587,487 shares of the bank’s stock valued at $60,975,000 after acquiring an additional 252,346 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of BOK Financial by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after acquiring an additional 221,785 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.